The business resources that make your company function efficiently

What makes a large business function efficiently? Is it the infrastructure? Or is it the leadership? Perhaps it’s staff productivity. Truth is, for any organisation to be truly successful and function optimally, you need a mixture of various interconnected resources. Not only do these resources need to be effectively managed, they also need to be the appropriate resources for your business.

What makes a large business function efficiently? Is it the infrastructure? Or is it the leadership? Perhaps it’s staff productivity. Truth is, for any organisation to be truly successful and function optimally, you need a mixture of various interconnected resources. Not only do these resources need to be effectively managed, they also need to be the appropriate resources for your business.

Your key resources are the important assets that form the building blocks that will make your business model work and it is ultimately through these that your company generates revenue. The configuration of resources within your business should be aimed at meeting the needs of markets and fulfilling stakeholder expectations. The most essential key resources a large business needs can be divided into four categories.

Financial

Financial resources differ depending on the investment required, distribution channels, production capacity and working capital. These resources need to be carefully managed and factors like shareholders’ capital, cash balances, working capital and creditors need to be continually assessed.

The strength of your financial resources also depends on your ability to raise new funds, and this stems from the strength and reputation of the management team, attractiveness of the market and other aspects like how streamlined your admin workflows are.

When it comes to effectively managing your finances, a virtual server provides you with the most flexibility to run easy administrative processes and programs on one safe and secure server.

Human resources

The most valuable business resources after finances are human resources, the intellectual contributions made by your staff, and how you leverage them. This forms the skills base of the business. How you manage your human resources has a direct effect on how productive the company is as a whole. This entails the numbers of staff by function, location, qualification, etc, and what you as an organisation introduce into your strategy.

With so many digital tools available to businesses, a popular one used to effectively manage human resources is using a virtual server. In other words, using Cloud computing. The appeal of this is that businesses of any size can access the exact products, software, services and storage space they need. These solutions are designed so you can integrate the necessary applications like HR programs to manage your human resources, as well as the work they deliver.

A remote server will enable you to do things like support collaboration on all documents across various geographical regions, allow employees to instantly access business data from any device, and easily hold meetings or conferences with people in remote areas.

Physical

This category of business resources includes all physical assets, from building and manufacturing facilities to vehicles, point of sale systems, even your IT infrastructure. Most businesses rely heavily on physical resources, and this can often lead to excessive resources that end up in costly wastage. A general rule of thumb is to only use the necessary elements and try to keep costs as low as possible. For example, not getting an elaborately large and modern office space.

Your onsite server not only takes up a lot of space, but it also requires a high capital investment and dedicated IT team. Using a virtual server will allow you to not only outsource your server space and software, but also have the IT support they provide. This cost-saving benefit has positive ripple effects on your other valuable resources as well.

Building your business in the cloud

The truth is your business resources will only be as effective as your management of them. Fortunately, Cloud computing has opened up a world of possibility that innovates the way we do business. Using a remote Cloud-based server can streamline all your business processes and help you optimise your resources.